BTC/USDT is forming an uptrend line pattern on the 1H timeframe, signaling potential bearish momentum 📉. Looking at the RSI, it’s showing downward movement, and the Stochastic RSI also confirms bearish signals 🚨. This indicates that BTC might be preparing for a downward move.
If Bitcoin breaks the critical support level at $97,290, we could see a quick fall 🔻. The next immediate target would be $95,700, and if BTC breaks $95,500, it could trigger a significant drop, potentially pushing the price down to $92,500 or lower 📊.
For those holding BTC, it’s crucial to monitor the breakout levels closely. A confirmed breakdown below the support zones may lead to sharp declines, so managing your positions carefully is essential 🛡️. Patience is key here—wait for a breakout confirmation before taking any actions. Remember, the market can be unpredictable, so keep an eye on these critical levels to plan accordingly 🕒.
BTC's current price action and momentum indicators strongly suggest caution ⚠️. Stay prepared for potential downside moves as the charts hint at bearish sentiment dominating the market.
I can see that BTC can go little bit Down side Because there is huge long liquidation , After that it will go up side for short liquidation. I'm bearsh for shorter time Frame and Bullish For Longer time Frame. So that BTCwill go again 100k$ easily.
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$BTC
